Defence Stock Under Rs 110 Bags Rs 43.25 Cr Order, Shares Gain

Small cap company engaged in aerospace & defence sector Avantel Ltd shares will likely to react tomorrow on BSE and NSE after the company today informed bagging new order order worth over Rs 43 crore from NewSpace India Limited. Avantel shares zoomed over 5.36% on Bombay Stock Exchange today to settle at Rs 107.05 per share. The company has a market capitalisation of Rs 2,619.79 crore. The stock offers impressive return on equity of 31.94%. Avantel shares slipped sharply by 41.05% in last 6-months and gained 312.05% in last 2-years. Check more details below:

Avantel Ltd Wins New Order

According to the exchange filing of the company dated Feb 19, 2025, “in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, the Company has received a Purchase Order worth of Rs.43.25 Crores (including taxes) vide mail dated February 19, 2025, from M/s. NewSpace India Limited.” The time period by which the order needs to be completed is August 2025.

Avantel Ltd Dividend History

The company recommended a total of 19 dividends since September 2007 and maintains a dividend yield of 0.19%. In last 1-year, it declared a dividend of Re 0.20 per share, according to Trendlyne.

Avantel Ltd Bonus Share History

Avantel offered 2 bonuses since June 17, 2022. Its last bonus share was recommended in the ratio of 2:1 with ex-bonus date set as November 24, 2023.

Avantel Ltd Shares Performance

The 52-week high price of Avantel Ltd shares on BSE stood at Rs 223.80 per share (as on 09/07/2024) and 52-week low price is Rs 86.05 per share (as on 14/03/2024), respectively. Avantel shares witnessed correction of 18.69% in last 2-weeks, fell over 32% year-to-date, and offered impressive returns of 800.34% in last 3-years. The stock surged 2268.36% in last 5-years and rose 4788.13% in last 10-years.

Avantel Ltd Q3 Results

The company for the quarter ended December 2024 declared its net profit at Rs 20.90 crore, up 23.1% as against Rs 16.97 crore reported in the corresponding quarter of last year. The net sales of the company surged 19.18% for the December 2024 quarter to Rs 70.44 crore as against Rs 59.10 crore declared in the December 2023 quarter.

The company’s EBITDA for December 2024 quarter stood at Rs 33.28 crore, up 31.23% as compared to Rs 25.36 crore reported in December 2023. The defence company announced its EPS at Re 0.86 for quarter under review as against Re 0.70 in December 2023.

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